Did export promotion help firms weather the crisis?
Johannes Van Biesebroeck,
Jozef Konings and
Cv Martincus
No 546433, Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven
Abstract:
In the global recession of 2009, exports declined precipitously in many countries. We illustrate with firm-level data for Belgium and Peru that the decline was very sudden and almost entirely due to lower export sales by existing exporters. After the recession, exports rebounded almost equally quickly and we evaluate whether export promotion programs were an effective tool aiding this recovery. We show that firms taking advantage of this type of support did better during the crisis, controlling flexibly for systematic differences between supported and control firms. The primary mechanism we identify is that supported firms are generally more likely to survive on the export market and, in particular, are more likely to continue exporting to countries hit by the financial crisis.
Date: 2016-01
New Economics Papers: this item is included in nep-cse and nep-int
References: Add references at CitEc
Citations:
Published in Vives Discussion Paper, N°51 , pages 1-50
Downloads: (external link)
https://lirias.kuleuven.be/retrieve/396201 (application/pdf)
Related works:
Journal Article: Did export promotion help firms weather the crisis? (2016) 
Working Paper: Did export promotion help firms weather the crisis? (2016) 
Working Paper: Did export promotion help firms weather the crisis ? (2016) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:546433
Access Statistics for this paper
More papers in Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven
Bibliographic data for series maintained by library EBIB ().